Xcel Energy

More News and Commentary

In Ongoing Shift From Coal (and Announcement of Two Closures in Colorado), Xcel Says It Has Found ‘the Right Formula’

The Denver Post: Xcel Energy on Tuesday continued its shift away from coal, announcing an agreement to retire two of its three coal-burning units at the Comanche Generating Station in Pueblo while adding substantially more wind, solar and natural gas generation. Xcel Energy will request competitive bids before the end of the year for 1,000 […]

August 30, 2017 Read More →

On the Blogs: A ‘Growing Class of Energy Business CEOs’ Tout Aggressive Expansion Into Renewables

RenewableEnergyWorld.com: Across the nation, smart business leaders are doubling down on wind power because new business realities are driving an energy marketplace that is more diversified and flexible. Clean power sources, such as wind, solar and natural gas, are now customers’ preferred energy choices. And this new energy mix is actually improving America’s grid, adding […]

July 21, 2017 Read More →

Interview: Xcel CEO Puts his Money on ‘Steel for Fuel’

Gavin Bade in Utility Dive: By 2021, Xcel expects wind to be its single largest energy resource — and that means big changes to grid operations. Fowke sat down with Utility Dive to discuss what the transition entails Even for veterans of the power sector, the pace of the energy transformation can astound.  “If I […]

July 12, 2017 Read More →

Biggest U.S. Wind Buyer Xcel Sees ‘No Problem With Reliability,’ CEO Says

SNL: Xcel Energy Inc., the most prolific purchaser of wind energy in the United States, has experienced “no problem with reliability,” Ben Fowke, the utility’s chairman, president and CEO, said May 24, despite supplying up to 67% of its power mix in Colorado with wind-generated electricity. Xcel’s service territory spans eight Western and Midwestern states, […]

May 25, 2017 Read More →

Xcel Chairman: ‘The Fuel of Tomorrow Is On Sale Today’

SNL: Less than a month after President Donald Trump signed an executive order aimed at rolling back environmental regulations and supporting the coal industry, the country’s top buyer of wind-generated electricity showed no signs of changing its midterm strategy. “We like to say that most of our customers … want a cleaner energy product; all […]

April 20, 2017 Read More →

On the Blogs: ‘Vanishing Demand’ for Coal-Fired Electricity

WamstedOnEnergy.com: It’s planning time in the electric utility industry, and a raft of new reports make two points abundantly clear: Efforts to “save” the coal industry are bound to founder since utilities, as a group coal’s largest customer by far, have moved on and are planning a cleaner future in which the black rock’s current […]

April 13, 2017 Read More →

Xcel Energy Sees Expansion of Wind Assets Through Upper Midwest

Utility Dive: Xcel Energy wants to add 1,550 MW of wind energy to its system through a mixture of power purchase agreements and utility-owned projects that will increase the company’s wind portfolio 60% and provide power for more than 800,000. The investment, which Xcel first announced last year, should help the utility deliver more than […]

March 17, 2017 Read More →

Minnesota Regulators Sign Off on Xcel Coal-Plant Shutdown, Direct Utility to ‘Look More Closely’ at Renewables

Mike Hughlett for the Minneapolis Star Tribune: Minnesota utility regulators Thursday approved Xcel Energy’s plans to shut down its big coal-fired generators in Becker, Minn., by 2026, a move that will eventually eliminate the state’s largest emitter of greenhouse gases. They also directed Xcel to submit a plan for replacing a big chunk of that […]

October 14, 2016 Read More →

Colorado Approves $1.1 Billion Wind Farm, 90-Mile Transmission Line

Cathy Proctor for the Denver Business Journal: Xcel Energy Inc.’s proposal for a massive, $1.1 billion 600-megawatt Rush Creek wind farm and 90-mile transmission line in eastern Colorado was approved Friday by the Colorado Public Utilities Commission. The three commissions on Friday verbally approved a settlement Xcel (NYSE: XEL) announced in early September in support […]

October 3, 2016 Read More →

Xcel Opts for Less Coal and More Renewables at Its Minnesota Utility

Matthew Bandyk for SNL: Xcel Energy Inc.’s Minnesota utility on Oct. 2 unveiled a major revision to its long-term resource plan, designed to speed up CO2 emissions reductions by ending coal-fired generation at two units at its Sherburne plant and adding new wind and solar more quickly than expected. Unit 2 at the plant, known […]

October 5, 2015 Read More →